Statutes, codes, and regulations
New Jersey Administrative Code
Title 18 - TREASURY - TAXATIONChapter 23 - RAILROAD PROPERTY TAX
Subchapter 3 - PROPERTY SUBJECT TO NEW JERSEY RAILROAD PROPERTY TAX
Section 18:23-3.3 - Tax in lieu

N.J. Admin. Code § 18:23-3.3

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Current through Register Vol. 56, No. 17, September 3, 2024
Section 18:23-3.3 - Tax in lieu
(a) Any property used for railroad purposes, and, therefore, taxable under the Act, including any main stem, tangible personal property, and facilities used in passenger service, is not subject to any other State or local tax measured by property used for railroad purposes.
(b) Any property not used for railroad purposes and therefore not subject to the Act is subject to taxation by the local taxing authorities of this State.

N.J. Admin. Code § 18:23-3.3

Amended by 49 N.J.R. 456(b), effective 3/6/2017